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Subject:  Re: Demographic Long Term Recesion in the Offing Date:  11/16/2012  3:45 PM
Author:  ariechert Number:  655526 of 888931

"I pay cash for all purchases (credit card balances are paid in full when the bill is due) so low interest rates to borrow mean nothing to me. I did not go out and boost my spending when the Fed lowered the interest rates." - Mike

Same here. If we can't pay cash for it we don't buy it. We've done it for years now. Haven't had car payments in decades. I am extremely debt averse.

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